Monday, February 3 2014 20:28
In Armenian banking system overdue loans grew 2.5-fold over year
ArmInfo. As of 31 Dec 2013, the Armenian banks' lending totaled 1.8 trillion AMD (12.5% rise versus 2012, 5.9% growth in Q4 2013). The extended and overdue loans exclusive, the bank's lending totaled 1.7 trillion AMD.
According to the preliminary data of the Central Bank of Armenia, provided to ArmInfo by the National Statistical Service of Armenia, the share of AMD loans in the bank's loan book (extended and overdue loans exclusive) was 37.8% or 627.8 bln AMD, and the share of foreign exchange loans was 62.2% or 1.031 bln AMD. As compared with 2012, AMD lending grew by 15.6% (7.6% rise in Q4 2013). Foreign exchange lending grew by 4.7% versus 2012 (3.5% in Q4 2013).
As of 1 January 2014, the share of extended loans made up 5.4% or 96.5 bln AMD. As compared with 2012, the extended loans grew by 77.7% (7% rise in Q4 2013). The share of extended loans in the summary loan book of the banks grew by 2 pct points in 2013 (up 0.1 pct points in Q4 2013).
As of late 2013, the share of overdue loans made up 1.2% or 21.3 bln AMD (2.5% versus 2012, 18.2% decline in Q4 2013). The share of overdue loans in the summary loan book of the banks rose by 0.7 pct points as compared with 2012 and dropped by 0.3 pct points in Q4 2013.
In both cases the growth was ensured by short-term loans, which made up 66.4% of extended credits (64.1 bln AMD) and 95% of overdue ones (20.2 bln AMD).
In 2013 AMD loan rates dropped by 0.95 pct points as compared with 2012. In Q4 2013, the rates fell by 0.76 pct points to 15.04% in December 2013. As of 31 Dec 2013, the AMD/USD exchange rate was 405.12 AMD/1 USD.
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